Russia: Ormet to start mining Luchistoye ore

In the second half of the year Ormet, a part of Russian Copper Company, will start mining for chalcopyrite ores at the Luchistoye deposits in the Orenburg region. The company has already started constructing the quarry with the capacity of 55 thousand tons of ore per year. The deposits reserves are estimated at 112 thousand…

Russia: ZTZ partners with POSCO

Zagorsky Pipe Works and POSCO have become strategic partners. According to ZTZ press-service, the companies have signed an agreement on the delivery of rolled sheet for the manufacture of large diameter pipes. The decision to become partners has been taken after POSCO supplied 10 thousand tons of X70 steel sheets in March-April. ZTZ specialists liked…

Ukraine: Corum Group exports up in January-May 2017

In January-May Corum Group increased exports by 6% YoY. “We exported mostly drill-loading machines, transformer substations and trolleys. We shipped to Kazakhstan, Russia, Poland and Estonia”, the company said. In 2016 Corum exports increased by 34% YoY. “In 2016-2017 we supplied 4 tunneling machines to Kazakhstan, 2 drill-loading machines, 5 reloaders and scraper conveyors, 3…